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Amy Armstrong Named Initiative CEO, Mat Baxter Becomes Chairman

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Anusuya Lahiri
·1 min read
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Interpublic Group Of Companies Inc (NYSE: IPGnamed veteran Initiative leader Amy Armstrong as the CEO.

  • Armstrong succeeded Mat Baxter, who will assume the role of Global Chairman at Initiative through 2021. Mat has served as Initiative's CEO since 2016 and will stay within IPG in a new leadership role that the company plans to announce in the upcoming months.

  • Amy overhauled Initiative's recruiting process to one that achieves bias neutrality. Her work is helping the agency build a more fair and equitable representation of BIPOC within the company. Under Amy's leadership, diversity has increased throughout U.S. operations, although much work remains to be done. 

  • Price action: IPS stock was up 2.51% at $26.78 on the last check Monday.

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